Macroeconomics With Heterogeneity: A Practical Guide

This article was prepared for a special issue of the Federal Reserve Bank of Richmond's Economic Quarterly. For helpful discussions, I thank Dean Corbae, Cristina De Nardi, Per Krusell, Serdar Ozkan, and Tony Smith. Special thanks to Andreas Hornstein and Kartik Athreya for detailed comments on the draft. David Wiczer and Cloe Ortiz de Mendivil provided excellent research assistance. The views expressed herein are those of the author and not necessarily those of the Federal Reserve Bank of Chicago, the Federal Reserve System, or the National Bureau of Economic Research.